The administration follows the closure of the Blueprint Series of managed funds earlier this month.

“The core business and assets of van Eyk Research remain valuable and highly regarded, to the extent that we have fielded a large number of informal expressions of interest through the course of this week," said Mr Hancock in a statement released this afternoon.

"Opening this process up formally will enable us to pursue the best returns for creditors,” he said.

Expressions of interest will be accepted until close of business on Tuesday 23 September 2014.

van Eyk Research is a provider of investment research to the Australian and New Zealand market.

"iRate, its core research and portfolio construction solution, underpins van Eyk’s subscription-based model. iRate is a research solution with access to ratings and performance reports on over 15,000 investment products," said the statement.